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URGENT SALE:Prime Adelaide CBD Japanese Restaurant MUST GO! $25,000 Negotiable!
Internal Ref: 118240480
Summary
The Phone Code for this property is: 55001. Please quote this number when phoning or texting. Step into Adelaide’s vibrant food scene with this fully fitted, high-potential Asian fusion ...
Location Details
40 Cheltenham Parade
About the Business
The Phone Code for this property is: 55001. Please quote this number when phoning or texting.
Step into Adelaide’s vibrant food scene with this fully fitted, high-potential Asian fusion restaurant—strategically located in the heart of St Clair.
Spicy Wok Restaurant & Lounge brings together the bold flavours of Thai, Malaysian, and Korean cuisine, catering to dine-in guests, takeaway patrons, and online delivery customers. This business is just 1.5 years old and already generating solid turnover—ready for a savvy owner-operator or investor to take it to the next level.
✅ Business Highlights:
Prime Suburban Location – Situated on busy Cheltenham Parade in a modern retail hub with strong foot traffic and parking.
Established Revenue – Approx. $300,000 per annum, with delivery channels and regular clientele in place.
Flexible Lease – Current lease through October 2025, with renewal options available. Annual net rent approx. $52,000 + outgoings.
Assets Included – Fit-out and equipment valued at approx. $15,000, plus $3,000 in stock—all included in the asking price.
Staffed & Operating – Team of trained employees (1 full-time, 3 part-time, 2 casual). Smooth handover available.
No Debts or Lock-ins – Clean business with no outstanding liabilities and no exclusive contracts—perfect for a seamless transition.
Asking Price: $60,000 – Open to reasonable negotiation.
Why This Business Stands Out:
Versatile Dining Model – Offers dine-in, takeaway, and online ordering (via Uber Eats, DoorDash, etc.).
Popular Menu – Multi-cuisine offerings appeal to a wide demographic—perfect for families, students, and professionals.
Growth Ready – Add catering, expand trading hours, build stronger digital marketing, or introduce private events to boost revenue.
Lifestyle Business – Ideal for a couple, family team, or experienced hospitality operator looking to take on a manageable, growing venue.
Interested?
This is a turnkey opportunity with real potential, available at a highly attractive entry price. Whether you're a first-time buyer or looking to expand your portfolio, this business ticks all the boxes for affordability, location, and scalability.
Contact Ronald Ozeri at Plan B Sales today to learn more or arrange a confidential inspection:
0413 003 029
[email protected]
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